Ashtead Share Discussion Threads

[disc0dave45] 19/10/2022 14:14

"may the volatility continue"Yep, until all those lovely bargains have been tucked away in the ISA.

[bracke] 19/10/2022 12:35

"forever the optimist :)"
========================

Indeed!

I don't know if the Santa Rally always puts in an appearance but as far as I can remember it does. Reality follows in the New Year.

It is likely there will have been two further rate increases by the FED come January. There is also the US mid term elections in November to consider....may the volatility continue.

[disc0dave45] 19/10/2022 11:58

Good day Mr bThanks, does look like the gap fill is still favourite......but at some point the fella with the white beard will turn up a bit early this year and goodbye SMA200!.....forever the optimist :)

[bracke] 19/10/2022 10:39

Good day disco

The share price is clinging on by it's finger tips to the fib but unless there is some very good news gravity is likely to prevail.

You will probably have noticed the Daily SMA 200 (black squiggly line)is just above the share price It is likely to play a part in the price action.

[rescuer] 19/10/2022 08:48

yep Bracke.. bang on the Fib resistance..

[disc0dave45] 18/10/2022 18:50

Good evening Mr bSounds like odds on favourite that the pesky gap will get filled......but then again! lol

[bracke] 18/10/2022 18:02

The share price closed bang on the fib which has been a strong resistance zone. Plus an opening gap from 4269.

What's it to be. A break and hold above resistance or a drop back to fill the gap?

[disc0dave45] 18/10/2022 16:56

The US National Association of Home Builders' housing market index fell for the tenth month in a row in October, dropping to 38 and well and truly missing market forecasts for a print of 43 - half the level it was six months ago and the lowest print seen since August 2012 as rising interest rates, building material bottlenecks and elevated home prices continued to weigh on affordability.

[bracke] 17/10/2022 15:15

I hope it helps Laird.

[lairddavid] 17/10/2022 14:13

Thank you very much Bracke. I will study it when I get home later.

Much appreciated.

[bracke] 17/10/2022 11:41

Good day Laird

Yes doing ok trading the S&P 500. The volatility is ideal.....if you are on the right side of it.

Three charts for you. I know I'm spoiling you.

The first chart shows the price action from the high in November 2021 to current day.

The blue sloping line is the primary trend.
The red dashed lines are previous s/r.
The black are the fibs
The sqiggly lines are the SMAs'

Although the share price has broken above the primary trend line on a couple of occasions it has been unable to maintain the momentum upward and has fallen back below.

The move up from the low at 230.54 got to the 61.8% fib unfortunately has been a 'waterfall' down from there.




This chart simply shows the origins of the s/r lines.




This chart concentrates on the price action from the low to the 61.8% fib mentioned above.

Following the rise from the low it has been the 'standard type' decline i.e. drop retrace, drop retrace etc, which responded very closely to the fibs.

The share price is likely to intersect the primary trend line late 2022/early 2023 merely by moving sideways. Whether that would encourage buyers I don't know.

The share price has managed to move out of the green channel but can it stay out?

If I were thinking of buying or selling I would be using the RSI and fibs as my guide. The pink vertical lines hopefully show my thinking.

I hope this is of assistance. If anything is unclear please come back to me.

This is a 4 Hour chart which provides more detail than the Daily.

[disc0dave45] 17/10/2022 11:16

Https://amp.theguardian.com/environment/2022/oct/03/hurricane-ian-cost-death-toll-florida

[essentialinvestor] 16/10/2022 14:26

fenners, voice notes now - you are showing your age ;

[fenners66] 16/10/2022 13:56

NP.
The same text vs conversation problem is afflicting whole generations now.
Text rather than actually using a phone and speaking to someone.
Actually speaking face to face is outrageous.

[bracke] 16/10/2022 11:34

Good day fenners

Apologies I failed to pick up on it. Irony is difficult to detect purely with the written word.

[fenners66] 14/10/2022 22:50

bracke - the comment was tongue in cheek..

[disc0dave45] 14/10/2022 19:03

Mr bI'm impressed that you do TA on the VIX, something I wouldn't have thought of but makes perfect sense.

[bracke] 14/10/2022 18:29

disc0

Viewing the VIX is part of my initial daily procedure. It provides a good guide to market direction and likely volatility.

[disc0dave45] 14/10/2022 16:40

Thanks Mr bSo you even do TA on the VIX, interesting!.Thought all along that Kwarteng wasn't a real Kwarteng, and it's come to pass! :)

[bracke] 14/10/2022 14:26

VIX INDEX DAILY CHART LONGER TIME FRAME




VIX INDEX DAILY CHART SHORTER TIME FRAME

[disc0dave45] 14/10/2022 13:23

Vix index at 32 and on upward trend since about mid august......on the weekly chart it hit a high of about 85 during the pandemic (which was circa 5 points lower than during the 2008 financial crash).For those interested, the long run average for the VIX is 21 and anything above 30 can point to increased volatility and fear in the market and often associated with a bear market.

[bracke] 14/10/2022 12:57

Good day fenners

The volatility was considerable in the US markets.

Looking at AHT the range over yesterday and today so far is 3969 to 4309 = 340 which was tradeable as can be seen on the 15 minute chart.

AHT 15 MINUTE

[disc0dave45] 14/10/2022 11:45

Truss to hold press conference later today.

[fenners66] 14/10/2022 09:40

Looking at the chart above.
Volatility , what volatility ?